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Le Merite Exports Ltd (LEMERITE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: LEMERITE Trading | Small Cap | Le Merite Exports Share Price
BSE Share Price
Not Listed
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Le Merite Exports Ltd (LEMERITE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: LEMERITE Trading | Small Cap | Le Merite Exports Share Price
BSE Share Price
Not Listed
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹235 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0.9
TTM Sales
₹357 Cr.
Book Value per Share
₹10.4
P/E Ratio
20.22
Lower than its 5-year historical median
Industry PE
38.6
Price to Book (P/B)
1.80
Lower than its 5-year historical median
Price to Sales (P/S)
0.66
Higher than its 5-year historical median
EV/EBITDA
11.55
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
6.69%
Outperforms industry median
Return on Capital Employed (ROCE)
8.77%
Outperforms industry median
Return on Assets (ROA)
3.15%
Operating Profit Margin
1.5%
Net Profit Margin
1.33%
Gross Profit Margin
1.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
2.57%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.59%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
292%
Asset Quality
Promoter Holding
59.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹105 Cr.
Equity
₹25 Cr.
Face Value
₹2
All Time Low / High
₹0.00 / 0.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Weak
Is Le Merite Exports Ltd a good quality company?
Le Merite Exports Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Le Merite Exports Ltd performance compare with that of its Peers?
Revenue growth of Le Merite Exports Ltd vs industry peers?
Le Merite Exports Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Le Merite Exports Ltd?
Promoters hold 59.65% of the Le Merite Exports Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Le Merite Exports Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -27.56% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Le Merite Exports Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.8% | 13.8% | 17.2% | 28.2% | 7.8% | 5.3% | 8% | - |
| Value Creation Index ⓘ | -0.3 | 0.0 | 0.2 | 1.0 | -0.4 | -0.6 | -0.4 | - |
Growth Parameters ⓘ |
||||||||
| Sales ⓘ | 180 | 217 | 268 | 526 | 364 | 468 | 480 | 335 |
| Sales YoY Gr. | - | 20.4% | 23.9% | 96% | -30.8% | 28.6% | 2.6% | - |
| Adj EPS ⓘ | 0.1 | 0.4 | 0.8 | 2.4 | 0.5 | 0.1 | 0.4 | 0.2 |
| YoY Gr. | - | 178.6% | 107.7% | 201.2% | -77.9% | -74.1% | 200% | - |
| BVPS (₹) ⓘ | 1.7 | 2 | 2.9 | 5.3 | 8.2 | 8.2 | 9.3 | 10.6 |
| Adj Net Profit ⓘ | 1.2 | 3.3 | 6.9 | 20.8 | 6.3 | 1.6 | 5.1 | 2 |
| Cash Flow from Ops. ⓘ | -5 | -2.5 | -22.1 | -44 | 18.4 | 0.1 | -15 | - |
| Debt/CF from Ops. ⓘ | -7.6 | -11.9 | -2.4 | -2.3 | 4.5 | 752 | -6.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 17.3% | -3% | 2.6% | ||||
| Adj EPS ⓘ | NA | 1.5% | -44.4% | 200% | ||||
| BVPSⓘ | NA | 35.6% | 20.3% | 13.3% | ||||
| Share Price | - | - | -27.6% | -95.2% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.4 | 21.2 | 33 | 59.6 | 9 | 1.7 | 4.8 | 1.9 |
| Op. Profit Mgn % ⓘ | 2.5 | 3.1 | 3.9 | 5.9 | 2.8 | 1.4 | 1.8 | -0.8 |
| Net Profit Mgn % ⓘ | 0.7 | 1.5 | 2.6 | 4 | 1.7 | 0.3 | 1.1 | 0.7 |
| Debt to Equity ⓘ | 2.7 | 1.7 | 2.2 | 2.2 | 0.9 | 0.9 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 77 | 87 | 85 | 156 | 112 | 118 | 118 |
| Cash Conv. Cycle ⓘ | 0 | 55 | 60 | 61 | 104 | 70 | 76 | 59 |
Valuation of Le Merite Exports - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Sales | 268 | 526 | 377 | 468 | 515 |
| Operating Expenses ⓘ + | 258 | 495 | 371 | 462 | 507 |
| Operating Profit ⓘ | 10 | 31 | 6 | 6 | 8 |
| Operating Profit Margin (%) | 3.9% | 5.9% | 1.6% | 1.4% | 1.5% |
| Other Income ⓘ + | 1 | 1 | 3 | 4 | 11 |
| Interest ⓘ | 2 | 4 | 4 | 7 | 9 |
| Depreciation ⓘ | 0 | 1 | 1 | 0 | 1 |
| Profit Before Tax ⓘ | 9 | 28 | 4 | 2 | 9 |
| Tax ⓘ | 2 | 7 | 2 | 1 | 2 |
| Profit After Tax | 7 | 21 | 2 | 2 | 7 |
| PAT Margin (%) | 2.6% | 4.0% | 0.6% | 0.4% | 1.3% |
| Adjusted EPS (₹) | 0.8 | 2.5 | 0.4 | 0.2 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 8.10% | 27.40% | 26.90% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 24 | 45 | 94 | 94 | 111 | ||||||
| Debt + | 48 | 100 | 86 | 92 | 103 | ||||||
| Minority Interest | 0 | 0 | -2 | -2 | -1 | ||||||
| Trade Payables | 12 | 19 | 22 | 13 | 20 | ||||||
| Others Liabilities ⓘ | 7 | 12 | 2 | 1 | 5 | ||||||
| Total Liabilities ⓘ | 92 | 177 | 202 | 198 | 238 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 2 | 3 | 3 | 2 | 11 | ||||||
| CWIP ⓘ | 0 | 0 | 7 | 8 | 0 | ||||||
| Investments ⓘ | 2 | 2 | 2 | 2 | 4 | ||||||
| Inventories | 10 | 13 | 18 | 18 | 11 | ||||||
| Trade Receivables | 59 | 127 | 92 | 89 | 116 | ||||||
| Cash Equivalents | 8 | 8 | 42 | 45 | 54 | ||||||
| Others Assets ⓘ | 12 | 24 | 39 | 34 | 42 | ||||||
| Total Assets ⓘ | 92 | 177 | 202 | 198 | 238 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -22 | -44 | 11 | 0 | -12 |
| Cash Flow From Investing Activity ⓘ + | -0 | -2 | -7 | -2 | -3 |
| Cash Flow From Financing Activity ⓘ + | 25 | 46 | 30 | 4 | 25 |
| Net Cash Flow ⓘ | 3 | 0 | 34 | 3 | 9 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 28.48 | 60.24 | 3.3 | 1.86 | 6.69 | |||||
| ROCE (%) | 13.79 | 28.21 | 5.27 | 5.29 | 8.77 | |||||
| Asset Turnover Ratio | 2.91 | 3.91 | 1.99 | 2.34 | 2.41 | |||||
| PAT to CFO Conversion(x) | -3.14 | -2.1 | 5.5 | 0 | -1.71 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 79.60 | 64.30 | 105.90 | 70.50 | 71.20 | |||||
| Inventory Days | 13.80 | 7.90 | 14.80 | 13.90 | 10 | |||||
| Payable Days | 18.20 | 12.90 | 22.30 | 14.60 | 12.30 | |||||
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Le Merite Exports Ltd FAQs
The current trading price of Le Merite Exports on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Le Merite Exports stood at ₹234.6 Cr
The latest P/E ratio of Le Merite Exports as of 31-Dec-1969 is 96.17.
The latest P/B ratio of Le Merite Exports as of 31-Dec-1969 is 1.77.
The 52-week high of Le Merite Exports is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Le Merite Exports is ₹335 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Le Merite Exports Ltd is a below average quality company.
The key valuation ratios of Le Merite Exports Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Le Merite Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Le Merite Exports Ltd
LE Merite Exports is an ISO 9001:2015 certified and engaged in manufacturing and trading of textile products namely cotton yarn, greige fabric and finished fabric for domestic and export sales. It deals in diversified product portfolio with capability to supply compact cotton yarn varying from counts NE 16/1 to NE 32/1 & NE 16/2 to NE 32/2 combed carded & double yarn that are used in various forms and for varied end uses. It also export sustainable - ecofriendly organic yarn and fabric to international textile and garment manufacturers. The company has been recognized as Three Star Export House by the Director General of Foreign Trade with a certificate valid from September 30, 2015 to September 29, 2020. Further, the company had made an application on September 29, 2021 for renewal of certificate.
The company is certified by some of the most reputed global certification agencies for its quality, environment consciousness, its processes and customer services such as ISO 9001:2015, OEKO-TEX Standard 100, Global Organic Textile Standard (GOTS) for 100% Organic cotton yarn and greige fabric. The company is also a registered member of Better Cotton Initiative (BCI) etc. The company is also contributing towards CSR activities as per the requirements of Companies Act, 2013.
Business area of the company
Le Merite Exports is engaged in the manufacturing and trading of textile products such as cotton yarn, greige fabric and finished fabric.
Major Events & Milestones:
- 2003: The company was incorporated as a private limited company.
- 2004: Change in name of the company from “Didwaniya Yarn Exports Private Limited” to “Le Merite Exports Private Limited”.
- 2006: Change in control of the company from Didwaniya Family to Lath Family.
- 2015: Conversion of company from private to public from “Le Merite Exports Private Limited” to “Le Merite Exports Limited”.
Key Awards, Achievements and Accolades
- 2010: ISO 9001:2015.
2013 -14: Has been awarded Gold Plaque the highest Exports of Cotton Yarn from TEXPROCIL. - 2013-14: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).
- 2014-15: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council (SRTEPC).
- 2015-16: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).
- 2016-17: A certificate & Award for Third Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC).
2016 -17: First Award for the best Export Performance by Government of Maharashtra Industries Department Directorate of Industries. - 2017-18: A certificate from Federation of Indian Export Organization (FIEO) (Set up by Ministry of Commerce, Govt of India) for outstanding Export Performance in the category of Highest Foreign Exchange Earner – Maharashtra State – MSME.
- 2017-18: Participation in TexTech Bangladesh International Expo.
- 2018-19: A certificate & Award for Second Best Export Performance Merchant Exporter by Synthetic & Rayon Textiles Export Promotion Council SRTEPC.
- 2021-22: A certificate from Oeko Tex for Griege woven fabrics made of 100% cotton exclusively produced from material certified according to Standard 100.
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